Fiona has $580 in her bank account and has $392,055 in her Registered Retirement Savings Account (RRSP account). Fionas Notice of Assessment from CRA indicates that she has $41,000 of unused RRSP contribution room. All of the money in this account is invested in GICs and Treasury Bills. She also has a Tax Free Savings Account (TFSA) with a current value of $71,825 which is ear-marked for the purchase of a cottage. This is a goal she set with her partner. They would like to buy the cottage in 4 years. The funds are invested in a bond fund. She deposits $150 per month to her TFSA with an automatic withdrawal at the bank.

a) Discuss the implications of buying the cottage with her boyfriend.